The Income Tax Department has released the following new File Validation Utilities on 26th April, 2014: FVU version 4.2-For Statements pertaining to FY 2010-11 onwards.…
View More FVU 4.2 and FVU 2.138 released by NSDLCategory: TCS certificates
Key feature of FVU version 2.138
Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have…
View More Key feature of FVU version 2.138Key feature of FVU version 4.2
Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have…
View More Key feature of FVU version 4.2Online TDS Statement Correction without Digital Signature at TRACES
CPC (TDS) has provided new enhanced features, to further add to the convenience of online facility of filing corrections to the TDS Statements. With this…
View More Online TDS Statement Correction without Digital Signature at TRACESDealing with demand notice for late TDS returns
Businesses especially small and medium scale has been badly hit by demand notices from Income Tax Department for payment of fees for late filing of…
View More Dealing with demand notice for late TDS returnsCBDT optimist on Standard Operating Procedure – Urges taxpayers to file rectification request for TDS mismatches
SECTION 139D OF THE INCOME-TAX ACT, 1961 – FILING OF RETURN IN ELECTRONIC FORM – EXTENSION OF FACILITY TO TAXPAYERS TO VERIFY IF DEMAND IN…
View More CBDT optimist on Standard Operating Procedure – Urges taxpayers to file rectification request for TDS mismatchesSteps for filing Rectification request on receipt of demand notice due to mismatch of Income Tax
The CBDT has noted that many taxpayers are committing mistakes while furnishing their tax credit claims in the return of income. Such mistakes include: quoting…
View More Steps for filing Rectification request on receipt of demand notice due to mismatch of Income TaxPoints to remember while filing TDS statements for 4th Quarter of FY: 2013-14
One should take care of the following information before submitting TDS return for 4th Quarter of Financial Year 2013-14 Payment of Taxes deducted/ collected: In accordance…
View More Points to remember while filing TDS statements for 4th Quarter of FY: 2013-14Important due dates of eTDS and eTCS returns
Important due dates in the month of March 2014 has been given below:Â Due date to deposit tax deducted (TDS) in March 2014 –Â 30.04.2014 eTDS…
View More Important due dates of eTDS and eTCS returnsNil TDS Statement / Declaration – Overview
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Nil TDS Statement / Declaration – Overview